Investing in care

Investing in Care

Investing in Care is a complicated process and making sure you find the right business to invest in can often be stressful and time consuming. Buyacarehome.com has been designed to help anyone in the process of investing in care and point out both the pitfalls and bonuses of doing so.

Naturally it is important to ensure that investing in care suits your own individual skills and needs. It is prudent to consider what you are keen to bring to the business and also what return you are expecting in the short, medium and long term.

Investing in care entails a significant long-term financial commitment, so you will need to reflect on not only your lifestyle expectations but also clearly establish what you can afford. You will need to take into account which assets you would like to use to contribute as well as the ongoing operation of the care business. Although it may reduce your buying options, this will avoid you making an obligation to a purchase, which you later realise you can’t complete.

Some examples of options to consider:

Location?

Do you require owners accommodation?

What category of care home for sale are you looking for?

Do you need a home that can be run under management?

What is your price range?

Make sure you get specialist advice on what you can afford to spend and borrow - our maximum price calculator and loan calculator will assist you, or you could contact a specialist financial broker, such as Chandler & Co, who will do this for you. They will also be able to help you decide which type of care business will be most suitable for you to invest in and give you the most options for the future. It is vital that you secure indicative mortgage terms before starting the searching process. This way, when you find the right care business to invest in, you will avoid being beaten to it by another purchaser and you will also be in a much stronger negotiating position.

Chandler & Co is a trading name of Wateringbury (Maidstone) Ltd, registered in England No. 10877062. Chandler & Co is also a trading name of Wateringbury LLP (registered in England No. OC354598), a subsidiary of Wateringbury (Maidstone) Ltd. Registered Office for both companies: The Coach House, The Oasts Business Village, Red Hill, Wateringbury, Kent, ME18 5NN. Wateringbury (Maidstone) Ltd and Wateringbury LLP trading as Chandler & Co are authorised and regulated by the Financial Conduct Authority. Our Firm Reference numbers are 788501 (Wateringbury (Maidstone) Ltd) and 690672 (Wateringbury LLP). Not all types of business we undertake is authorised and regulated by the Financial Conduct Authority. Chandler & Co works independently as a Credit Broker providing advice on commercial mortgages and is not a lender. Chandler & Co may receive remuneration from lenders. Credit provided is subject to financial circumstances and status.